The Auckland Economic Monitor 2024 tracks the region’s performance over the past five years, encompassing COVID-19. It reveals Tāmaki Makaurau Auckland staged a strong economic comeback in 2022 and 2023 after pandemic-related setbacks.
Tātaki Auckland Unlimited, supported by PwC New Zealand, developed the Auckland Economic Monitor publication and a dedicated microsite (launching shortly) outlining trends in GDP, business performance, workforce, employment, business and consumer confidence, the visitor economy, and community and culture.
The Auckland Economic Monitor 2024 is the first of three editions of the publication which Tātaki Auckland Unlimited will release over the next three years (2024, 2025, 2026). PwC New Zealand will support each report.
Key findings include:
Auckland’s economy grew 10% from 2019 to 2023, matching the national average. This was despite enduring longer and more frequent lockdowns compared to the rest of New Zealand during the pandemic period.
The average Aucklander earned $81,400 in 2023, which is 14.8% greater than the average across the rest of Aotearoa. Earnings growth has kept pace with inflation since 2019.
In 2023, the region’s economy grew faster than the rest of the country, impressively generating $143 billion in GDP.
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